Large Outflow of Money Witnessed in The Kraft Heinz Company

The Kraft Heinz Company (NASDAQ:KHC) traded on a positive note gaining 0.06 points or 0.07% to be valued at $85.4 per share. Intraday, the shares aggregated $0.5 million in upticks but saw an exodus of $3.26 million in downticks. The net money flow was calculated to be $(-2.76) million with the final up/down ratio coming in at 0.15. The share price has seen a change of 0.12% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $2.74 million in downticks. The net money flow for the block exchange was disappointing at $(-2.74) Million.


Currently the company Insiders own 26.92% of The Kraft Heinz Company shares according to the proxy statements. Institutional Investors own 61.78% of The Kraft Heinz Company shares. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Kraft Heinz Co, Jackson Jeanne P, had purchased 4,330 shares in a transaction dated on October 28, 2015. The transaction was executed at $75.4 per share with total amount equaling $326,482.

The Kraft Heinz Company (NASDAQ:KHC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.39 points or 0.46% at $84.95 with 2,790,387 shares getting traded. Post opening the session at $85.27, the shares hit an intraday low of $84.645 and an intraday high of $85.75 and the price was in this range throughout the day. The company has a market cap of $103,295 million and the number of outstanding shares have been calculated to be 1,215,955,230 shares. The 52-week high of The Kraft Heinz Company (NASDAQ:KHC) is $86.66 and the 52-week low is $61.42.

Many analysts have stated their opinion on the company shares. Argus Research initiates coverage on The Kraft Heinz Company (NASDAQ:KHC) In a research note issued to the investors, the brokerage major announces price-target of $91 per share.The shares have been rated Buy. The rating by the firm was issued on April 27, 2016.

The Kraft Heinz Company, formerly H.J. Heinz Holding Corporation, is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Companys brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.

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